Casella Waste Systems (CWST) Set to Announce Quarterly Earnings on Thursday

Casella Waste Systems (NASDAQ:CWST) will be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Casella Waste Systems to post earnings of $0.07 per share for the quarter. Casella Waste Systems has set its FY 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Casella Waste Systems (NASDAQ:CWST) last posted its earnings results on Friday, February 16th. The industrial products company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). Casella Waste Systems had a return on equity of 5.81% and a net margin of 2.01%. The company had revenue of $359.57 million during the quarter, compared to analysts’ expectations of $360.08 million. During the same period in the prior year, the business posted $0.18 earnings per share. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. On average, analysts expect Casella Waste Systems to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Casella Waste Systems Price Performance

Shares of NASDAQ CWST opened at $95.43 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.53 and a quick ratio of 1.46. Casella Waste Systems has a 1 year low of $72.97 and a 1 year high of $100.29. The company’s 50-day moving average is $94.31 and its 200 day moving average is $86.59. The stock has a market capitalization of $5.53 billion, a P/E ratio of 212.07, a P/E/G ratio of 6.06 and a beta of 0.90.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company raised their target price on Casella Waste Systems from $95.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. StockNews.com upgraded shares of Casella Waste Systems from a “sell” rating to a “hold” rating in a report on Friday, February 16th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Casella Waste Systems presently has a consensus rating of “Buy” and an average price target of $99.71.

Insider Transactions at Casella Waste Systems

In related news, President Edmond Coletta sold 733 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $94.31, for a total value of $69,129.23. Following the transaction, the president now owns 170,486 shares in the company, valued at approximately $16,078,534.66. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Casella Waste Systems news, CEO John W. Casella sold 1,673 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $94.13, for a total transaction of $157,479.49. Following the transaction, the chief executive officer now owns 35,189 shares in the company, valued at approximately $3,312,340.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Edmond Coletta sold 733 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $94.31, for a total transaction of $69,129.23. Following the transaction, the president now owns 170,486 shares in the company, valued at approximately $16,078,534.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,238 shares of company stock valued at $1,026,395. Insiders own 5.05% of the company’s stock.

Casella Waste Systems Company Profile

Casella Waste Systems, Inc, together with its subsidiaries, operates as a vertically integrated solid waste services company in the United States. It offers resource management services primarily in the areas of solid waste collection and disposal, transfer, recycling, and organics services to residential, commercial, municipal, institutional, and industrial customers.